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We continued to live a life of instant gratification and excess for the beginning of 2008. A few articles ago, I talked about credit card debt and how I never ...
Read MoreIn This Life of Luxury – Why Pay Taxes Today?
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Where do you keep this emergency fund you’re establishing? Our recommendation at this time is to keep the bulk of it in an online savings account.* This is where interest ...
Read MoreTake the Money and Run – The Online Savings Account
The post Take the Money and Run – The Online Savings Account appeared first on Foolish to Frugal.
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About half way through 2008, the housing market bubble was revealed for the house of cards it was, and it imploded. Taking the economy, and business number 3, with it. ...
Read MoreTaxman – The Tax Comes Due
The post Taxman – The Tax Comes Due appeared first on Foolish to Frugal.
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Once you’ve built an emergency fund, and perhaps even while you are building it (I will get into more detail on that in a future post), it’s time to do ...
Read MoreWhen I’m 64 – Let’s Start Investing
The post When I’m 64 – Let’s Start Investing appeared first on Foolish to Frugal.
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Building and using credit should always be for your advantage, not for the bank’s, which is why it’s important to first consider your own financial situation before opening new credit cards. Today we will cover how to identify the best credit card sign up bonus and evaluate which offer (if any) makes sense for you. […]The post Credit Card Sign Up Bonus – How To Use Them To Your Advantage appeared first on The Finance Twins.
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Benjamin Franklin famously said, “Failing to plan is planning to fail.” And it wouldn’t surprise us if he were talking about money and how to budget. There seems to be common feeling that if I make a lot of money, I’ll be set. But that’s just not the case. Making money is only half the […]The post How To Budget – A Step By Step Guide To Making Your First Budget appeared first on The Finance Twins.
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1. Make A Monthly Budget We already know what you are thinking. A budget? Really? Yes. A budget. Hear us out here. A budget is the #1 way for the vast majority of people to take control of and transform their relationship with money. If you can’t answer the following questions, then you need a […]The post 10 New Year’s Resolutions That Will Bring You More Money And Happiness appeared first on The Finance Twins.
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If you’re wondering what to do when stocks go down you are not alone. This is a questions we have started to get asked more and more. The stock market has been dropping and everyone is afraid the incredible market performance is going to slow down. So what should you do with your investments when […]The post What To Do When Stocks Go Down appeared first on The Finance Twins.
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Do you know if you should pay your mortgage off early or not? Or what the pros and cons are of paying your mortgage off earlier than you have to? This article was written by personal finance author Tom Madison, and we are excited for him to share his view on this topic. If you […]The post Should You Pay Off Your Mortgage Early? appeared first on The Finance Twins.
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We recently read an article that discussed the link between materialism and mental health problems. The research showed that practicing gratitude can help curb materialism, which in turn could improve your mental health. But if you feel stuck or like you don’t have a lot to be thankful for, think again. Here are 10 easy things […]The post 10 Easy Ways To Better Yourself Today appeared first on The Finance Twins.
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Our last post introduced you to the basics of life insurance, and whether it is something that you need. Today we will walk you through the difference between term life vs whole life insurance, which are two of the major types of life insurance. The reason we are so fired up about life insurance is […]The post Term Life vs Whole Life – Which Type Of Life Insurance Is Best? appeared first on The Finance Twins.
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Bigger, faster, stronger. Newer, nicer, better. We’ve all been conditioned from an early age to seek more. More things. A lot more money. More respect and prestige. But, what if we told you that money can’t buy happiness? Research shows that after you have enough to cover the basic necessities in life, all of those […]The post Money Can’t Buy Happiness appeared first on The Finance Twins.
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For most college students, financial considerations stop once they receive their financial aid package. However, more financially responsible or savvy spenders are always looking for ways to beef up their finances. And there’s no better time than winter break. As students return home for roughly a month or two, they have limitless opportunities to seize […]The post 5 Ways College Students Can Revitalize Their Finances appeared first on The Finance Twins.
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It’s no secret that the cost of an education is getting out of hand. Estimates put the total amount of student debt in the U.S. at $1.5 trillion. Yikes. With $200,000 in student loans, I am a part of these eye-popping figures. Thankfully, I have a plan to pay to pay off my student loans. […]The post How I’ll Pay Off Over $200K In Student Loans appeared first on The Finance Twins.
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If you’re like us, retirement seems like an impossible milestone that only some people are lucky enough to reach (like your manager’s boss). Which means that you may not even know the answer to ‘what is an IRA?’. An IRA is a retirement savings and investment account with tax benefits. We will tell you everything […]The post What is an IRA? appeared first on The Finance Twins.
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Learning how to start investing is intimidating. At least, it was for us. We got our first jobs when we were 16 years old. One of us worked at a car dealership cleaning cars to prepare them for resale, and the other worked as a grocery store cashier. Eventually we picked up 2nd jobs over […]The post How To Start Investing appeared first on The Finance Twins.
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Buying or leasing a car should be fun and exciting, but in reality it’s a huge headache. What is a fair price? How do I negotiate a car lease? Am I going to get bamboozled? Just last month I underwent this daunting task myself and leased a new 2018 Mazda CX-5. I want to share […]The post How To Negotiate A Car Lease To Get the Best Deal appeared first on The Finance Twins.
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Professional sports is full of stories about young adults becoming millionaires overnight. Sadly, many also seem to go broke overnight. But one player is doing his part to teach his teammates about how to manage their money. Today’s lesson: compound interest. In the clip below, you can see NFL player Carl Nassib explaining the power […]The post What Is Compound Interest? appeared first on The Finance Twins.
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Building healthy habits can seem daunting, but being unhealthy is more costly than people realize. It’s no surprise that healthcare is the largest sector of the economy and the #1 employer in the U.S. But sadly, medical bills alone are enough to cripple any well-planned and executed retirement plan. Building healthy habits just seems so […]The post Healthy Habits – Being Unhealthy is Expensive appeared first on The Finance Twins.
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As our regulars know, Camilo began his career on Wall Street at J.P. Morgan, one of the premier investment banking franchises in the world. Today he shares the personal finance lessons he learned during his stint on Wall Street. As a fresh-eyed 22 year old entering the world of investment banking, I knew I would […]The post The Personal Finance Lessons I Learned On Wall Street appeared first on The Finance Twins.
